UnionPay typically bakes in a higher wholesale spread—historically 1.0% to 1.5% above mid-market rates for CNY conversions, compared to Mastercard’s ~0.3% to 0.5%.
While there is no minimum spend, the maximum cashback you can earn is S$50 per calendar month. Because the card pays a flat 2% cashback, you will hit the S$50 cap once your monthly spending reaches S$2,500.
Enlightened, unionpay is so uncompetitive. If like that not very useful for me.
